Grayscale Investments has seen a significant increase in its cryptocurrency holdings during November, with altcoins like Stellar (XLM) and XRP seeing triple-digit gains. Stellar's XLM token increased by 469% in the month, while XRP gained 262%. Grayscale has also reopened private placement in its trusts for eligible investors, including XRP, Solana, and Stellar. The increase in altcoin performance has led to speculation of an incoming altcoin season, with Bitcoin dominance falling below its two-year support line. Analysts have made bullish predictions for Ethereum, with a mid-term target of $6,000 and a long-term target of $10,000. There is also optimism around Dogecoin and XRP, with potential rallies of 2,400% and $5 respectively. XRP has also flipped BNB to become the fifth-largest crypto by market cap. Analysts suggest that the XRP price could reach $2.57 by the end of 2024, and the focus on an XRP ETF could further boost its price. Additionally, the departure of SEC Chair Gary Gensler may signal more favorable cryptocurrency regulations, benefiting altcoins like XRP.



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